The URL can be used to link to this page

Home My WebLink About2911 e To ptxe and co~tinuously keep on the buitding~ now a herealter situst~ on said land and on ~II cqu~p,nenl and personaily covaed by Ihis mw?~- ~gs, with ~II premivm~ thereon pa~d in full, fire insv~anc~ ~n ths u~ual standard policy form, in a sum ~pproved by the MOR~GAGEE, a~d windstam insu~ance in the ~sual ~~anda.d po1~q tam. in a sum ~pproved by the JYIORTGAGEf, in ~vch tompany or companies ~s tM MORTGAGEE may d'uecr, +nd all fire and wind~~orm iniurance poliues oe+ a~y of said build~np~, any intero~t ~herein w parr lhereof, in Ihe spgreq~+e ium ~fae~a'~d w In ~xctss tFKreof, shall contain ths utual standard mortga9es clause a such o~hsr cla~ss ~s tM Mwtfl~y~e msy ~equ~r~, mal~irg ths losi unda sa~d poti~ ues, each end ~very, payable to s~id MORIGAGFE a~ i~~ interes~ m~y appear, and esch a~d every iuch policy fhalt be promptly ais gncd ~nd delivered ~o any held by said MORTGAGEE ss further ~eturity to said mort9sg~ debt, ~nd, not tets than ten (101 days i~ ~dvance of ~he txpir~teon oi each potity, to dr liv~~ to iaid MORTGAGEE a renewal IMr~of, Iog~tMr wirh a receipt fw the premiwn of such renewsl; snd thera sh~ll be no fire or winds~o~m insuranc~ placed on ~ny ot said buildings, any intereat therein ot parl thereof, vnless in the iorm ~nd with tM Iws p~Yabte as a(or~said; ~nd in th~ evMt any s~m of monsy becpmes payable unda ~uch policy or policies •aid MORTGAGEE shall hava ths opt~on to recaive s~d apply ihe same on accouM of the indcb~ed- ness setu~ed hsreby o~ ro permit faid MORiGAGORS to rcteive snd us~ it p any part thtreol for otnc~ purposes, ~vithout th;rco~ waiviog or ar~pair- ing any equity, tien or ~ight under or by virtus of thi~ mo:sgage; and i~ tM evem Sa~d MORTGAGORS shall fa any reason (~il to keap the said premisrs so insured, w fail to detive~ promptly any of said po~Kies of insurante to s~id MORTGAGEE, or fail promptly to pay fully any premium therefor w in any respect fail to pe~fwm, diuharge, execute, effeu, complete, compty wi~h and abid~ by this coveoant, w~ny part hereof, ta:d MORiGAGEE may p~ace and pay fw such i~surante w ~ny part thereof without w~iviny w affectirq any option, li~n, equity, or right unde~ a by vi.tw of this Mortgaye, ~nd the f~l1 amaunt o! esch and every tuch payment shall be immedi~tely due and payaWe and shall bear interesl trom tM date thereoi until paid at ~he rate o1 nine per centum pe~ annum and to~ether wilh such inlereat shatl be setured by Ihe lisn of this matgage. 1. To pe~mit, commit w s~fter no waste, impairment or deteirontion of said propaty or any parf fhereof. 5. To pay all a~d aingutsr ths costs, charges end expensei, inciudiny s reasw~abte at?orney i fee and costi of abstract~ of titte, i~cur.ed or paid a~ any time by said MORTGAGfE, because or in the event of the failv~e on the par~ of the said MORiGAGOR to duly, promptly and fulty per(orm, d~scharge. execute, eifM, canplete, compty w~th and ab:de by each ~nd eYe~y ~he ~tipulations, agreeme~ts, condiiiona, and covensnn ot said promissory note and thii monysge any w eirher, and sa~d costs, cMages and expenxs, each and every, sMll be immediately due +nd p~yable; whether or not there be notice do- mand, attempt to coUctt q s~it pend~ng; and the iull amount of each and evcry s~ch psymem ahall bea~ intereit from the date thereof until paid ~t the ra~e of nine per centum per annum; and ali said costs, cha:yes and eRpenses intwred d paid, togelhe~ with suth iMeroat, ih~ll bt satu~ed by ~he lian oi thu mortgays. 6. That (a) in the event of a'ny breach of this Mortgage w default on the part of the MORTGAGOR, w(b) in the event ~ny of ta:d s~ms of money hzrein referred to be ~ot prompNy and fully paid wirhin thirty (30) days ntxt aFter the same sevsratty become due ~nd payable, withoul demand o~ notice, . oi (c) io the event each and every the stipulations, agreementt, conditions and covenants of sa~d promissory note and th~s mortgsge any a eifher are ~01 f ~uly, promptly and lully perfwmed, dixharged, executed, eifecled, completed, complied with a~d abided 5y, tlxn in t~thcr or any such event the sa~d ag~ • 9regate sum mentioned in said promissory nofe fhe~ remaining unpaid, with interesl accrued, and all moneys secured heteby, shall become due and pay~ abfe forthwith, a thereafter, at the option of uid MORTGAGEE, as fully and complefely as if all of the said sums of money were or~ginally st~puiated to be paid on such day, anything in said promisswy note or in this Mwtgage to the contrary notwitbstsnding; and thereupon w thereafter at the opl~on of sa~d MORTGAGEE, without not~ce or demand, suit at law w in equity, there~ore or thereafter begun, may be prosecuted as if alt moneys secured hereby had maWred prler to its institution. 7. Thst in the eveM that at the beginn~ng of or at any time pendi~g any zuit vpon rhis Mortgage, a to foreclose it, or to reform.it, o? to enforce payment of any claims hereunder, said I~?ORTGAGEE shalt appty to the Court having jurisd~ction thereof for the sppointment of a Receiver, svch Gourt shall Forlhwith appoiM e receiver of said mwtgaged property all and s~~+gular, includ~ng all and ai~gular the income, profits, issues and tevenues from whateve~ source derived, each and every of wh'rch, it beinp rapreasly unders~ood, is hereby morrgaged as if specifically xt fwth and dewibed in the granting and ~abendum clauses hereof, and such Receiver shall have all the brwd and ef(ective funct,ons a~d powers in anywise entrusted by a Court to a Receiver, and i such appointment shat~ be made by such Courf as an ad~n~tted equity a~d a matter of absolute r+ ht to seld MORTGAGEE, and w~thout reference to the ~ adey~acy or inadequacy of the value of the property mortgaged w to ?he so~vency or ~nsolvenc~Y,of said N10RTGAGOR w ~he defenda~ts, and that such rents, profits, income, issues and reve~ues shall be appl~ed by such Receiver accard~ng to the lien w equity of said MORTGAGff arid the paact'rce of such ; Court. ~ 8. To duly, promplly and fulty perfo!m, discharge, e~eecute, effect, complete, comply with and abide by each srxl every the stipulations, agreemenls, ? conditions and covenants in said promissory note and this mortgage set fath. ~ 4. That in the event the ownership of the mortgaged premises, a any part thereof, becomes vested in a.person other tha~ the MORTGAGOR, 1he ~ MORTGAGEE, its svccessan and sulgns, msy, wifhout no~ice to the MORTGAOR, deal w~th such successw or successor in i~terest with reference to thi~ j rr.ortgage and the debt hereby secured in the same manner as with Mortgago. w~thous in any way vit~ating a d~uharging the Mwtgagori liability herr ( under or upon the debt hereby secured. fYo sste of the premises hereby mortgaged and no torbearance on the part of Ihe MORiGAGEE w its successors 1 or assigns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successors or ass~gns, ahall opera~e to refease, d~uharge, modify change or affect the original liability of the MORiGAGOR herein, either in wlwle or in part. 10. It is specifically agreed that time is of the euence of ~his contract and that no waiver of any obligatlor~ hereunder or of the obligation se- c~red F~ereby shall at any time thereafter be held to be a waiver of the terms hereof o? of the instrument secured herby. k I1. tn add:tio~ to the fwego:ng monthly payments of princ'pal end interest required by the proinissory nore secured hereby, mortgagor covenants 3 and agrees to pay to mortgaqee with each manthly payrnent an add~~anat sum estim,ated by mortgagee fo be equa! to l; 12 of the annual tost of the foUow- ~ rnq: f e A-AII real property taxes levied or assessed agai~st th~ above dascri6ed real estate. B-Premiums on fire and windstorm insurar,ce as herein requ~red to be carried on the improvements situate on the above described premises. C-Premiums on such mwtgage guaramy insurance as mortgagee shatt from t~me to time deem fit to carry on the ;oan secwed hereby. Mortgagee shall from time to time notify mortgagor in writ;ng of the amount d~e and payable hereurxfer and such sum shall fhereupon be due and ravable on the due date of the next monthly payrnem and each successive mo~th thereafter ur.til mortgagee shall notify mortgagor of a change in such z~<~cuN. Such wms shail be applied by mortgagee toward the payment of reat property taxes, insu~arxe prem:ums, and mwlgage guaranty insurance p~emiums. IN WlTNESS WHEREOF, the wid MORTGAGOR has hereunto ut his hand and seal fhe day and y sr first aforewid. Sig Sealed a de ' red i pee nce of: ~ an - Seel) .i.c t! ; - r~an i ~Seaq ~ ~ ; SiATE OF FIORIDA ~ ~ j COUNTY OF St • Ltl Cl@ 3 ~ Befue me personally appeared fiuaene Allen a~ i ; _ Cora Lee Allen h~s wite, to mc well known and known to me to bs ~ rhe individua:s described in and wFw executec~ the f +ye~oj~Q ~nst~ument, end acknowledged befere me that they executed the same fw the purposes ; rhe.ein expressed. And the said Cora I,.~@ ~Rll@l1 N~fe of tF~e said Bugene eIl upon a separate and privats examination by me taken separate and apart from he~ ssid husband, atknowledged to snd befwe that slx executed said instrument freely and volurr rarily and wit}~w~t any compuls;on, const.aint, apprehension, or fear of or from her said husband. ' ~ WITNESS my hand a~d official seal tF?is 25~1 d~y of Jul ~ a'~.~•~_ ! ~^A~ , • ~ . vlll Notary ub ic in and or t State Flo~?aa af~arps ~ fitEO Ah0 RECQRDED My eomm~uion expires./ Y: Reru~n To: ST-1~1C1~ G011N7Y F~A. s~ ;•z ~ First Federal Savings b loan Associat;on R G;, E r~. P Oi TRA$ -~i~; ~C' ~ e~,CIEAK ~ ~:t COURt ~ ~ ~ ,3 ; Of Fort P:erce. D ; - " ~ Fort Pierce, f(orida • . r , ~ • - ~ - ; v : ' - = . r ` .luc 30 3 v~ = ~ . . ~ 30 PN ~7 ~ , _ ' ' ~ ~ . . This Instrument Pre ared B - GE P Y Richard K. Kayes '~:i ;~~~`,~T- ~..~~~~~~;~t~~~:o' : First Federal Sav+n s 8 Loan Association ~ " ' ~~~7 ` 9 .H,swro e~ n~:~~r,ta~, t:d+,~Eli L~:,u:~;..e CR ~ of Fort Pierce ~ F1oZiCid Checked By i _ ~ ~ i ~ ~ - ~ s~ox 216 2912 ` ~ ~ - , ~ ~ ~r`~--~-~ :b.s ~ ~ ~ . ~ ~y sr~